Carpenter (CRS) Stock Analysis

November 11, 2026

This is a peer-relative look at Carpenter (CRS): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Carpenter (CRS)
Profile Item	CRS
Name	Carpenter Technology Corporation
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Steel
Market Capitalization	13.79 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

CRS

GSPC

Carpenter (CRS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Carpenter (CRS) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Carpenter (CRS) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
Total Return (1Y)	-8.47%	19.59%
Total Return (3Y, Annualized)	66.22%	18.91%
Total Return (5Y, Annualized)	56.37%	5.70%

Risk Profile

Drawdown History

CRS

GSPC

Carpenter (CRS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Carpenter (CRS) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
Volatility (1Y, Annualized)	49.01%	52.82%
Beta (5Y)	1.39	0.97
Max Drawdown (5Y)	-55.01%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CRS is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
Sharpe Ratio (1Y)	-0.26	0.32
Sortino Ratio (1Y)	-0.36	0.47

Profitability

ROE (TTM)

Carpenter (CRS) posts ROE of 27.84%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

CRS

Materials industry group

27.84%

Group distribution

Max: 52.88%
CRS: 27.84%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
CRS: 27.84%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%

Where Carpenter (CRS) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Carpenter (CRS) keeps 17.87% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

CRS

Materials industry group

17.87%

Group distribution

Max: 38.66%
CRS: 17.87%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
CRS: 17.87%
BHP: 16.73%

Where Carpenter (CRS) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Carpenter (CRS) turns 24.69% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CRS

Materials industry group

24.69%

Group distribution

Max: 66.70%
Q3: 28.92%
CRS: 24.69%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
CRS: 24.69%

Where Carpenter (CRS) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
ROE (TTM)	27.84%	8.76%
ROA (TTM)	12.96%	4.42%
Net Margin (TTM)	17.87%	5.28%
Operating Margin (TTM)	24.69%	12.56%
Gross Margin (TTM)	31.22%	27.57%

Growth

Revenue Growth

Carpenter (CRS) grew revenue 8.59%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Carpenter (CRS): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Carpenter (CRS) grew earnings per share 41.78%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Carpenter (CRS): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
Revenue Growth (YoY)	8.59%	8.36%
Revenue Growth (3Y CAGR)	7.00%	0.59%
EPS Growth (YoY)	41.78%	-1.73%
EPS Growth (3Y CAGR)	109.75%	2.12%

Financial Strength

Current Ratio (MRQ)

Carpenter (CRS) has current ratio of 3.94, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

CRS

Materials industry group

3.94

Group distribution

Max: 5.96
CRS: 3.94
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
CRS: 3.94
AEM: 2.75
NEM: 2.45
BHP: 1.89
RIO: 1.42
LIN: 0.86

Where Carpenter (CRS) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Carpenter (CRS) has debt-to-equity ratio of 0.32, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

CRS

Materials industry group

0.32

Group distribution

Max: 1.98
Q3: 0.89
Median: 0.47
CRS: 0.32
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.65
SCCO: 0.63
BHP: 0.50
CRS: 0.32
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where Carpenter (CRS) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
Current Ratio (MRQ)	3.94	2.24
Debt / Equity (MRQ)	0.32	0.47
Net Debt / EBITDA	0.62	1.37

Dividends

Dividend Yield (TTM)

Carpenter (CRS) has dividend yield of 0.29%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

CRS

Materials industry group

0.29%

Group distribution

Max: 4.52%
Q3: 1.85%
Median: 0.38%
CRS: 0.29%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%
CRS: 0.29%

Where Carpenter (CRS) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Carpenter (CRS) has payout ratio of 7.05%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

CRS

Materials industry group

7.05%

Group distribution

Max: 83.62%
Q3: 41.37%
Median: 9.54%
CRS: 7.05%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
AEM: 14.26%
NEM: 11.95%
CRS: 7.05%

Where Carpenter (CRS) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
Dividend Yield (TTM)	0.29%	0.38%
Dividend Payout Ratio (TTM)	7.05%	9.54%

Valuation

P/E Ratio (TTM)

Carpenter (CRS) trades at P/E ratio of 24.54, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

CRS

Materials industry group

24.54

Group distribution

Max: 59.00
Q3: 32.93
CRS: 24.54
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

LIN: 34.21
CRS: 24.54
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where Carpenter (CRS) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Carpenter (CRS) trades at 4.32 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

CRS

Materials industry group

4.32

Group distribution

Max: 9.62
Q3: 4.34
CRS: 4.32
Median: 1.87
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
CRS: 4.32
BHP: 3.46
RIO: 2.20

Where Carpenter (CRS) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Carpenter (CRS) trades at 6.32 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

CRS

Materials industry group

6.32

Group distribution

Max: 6.59
CRS: 6.32
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
CRS: 6.32
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
RIO: 2.08

Where Carpenter (CRS) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Carpenter (CRS) metric values compared with Materials industry-group medians
Metric	Current stock: CRS	Industry group median
P/E Ratio (TTM)	24.54	18.82
P/S Ratio (TTM)	4.32	1.87
P/B Ratio (MRQ)	6.32	2.08
Free Cash Flow Yield (TTM)	1.54%	3.08%